Gregorio Araneta to exit PhilWeb for P1.8B
MANILA, Philippines – Trading of PhilWeb Corp.’s shares were suspended for one hour on Thursday following news of a possible change in control, with Gregorio Araneta Inc. (GAINC) selling its 57-percent stake for P1.8 billion. In a notice, the Philippine Stock Exchange said the trading suspension would be from 9:30 a.m. to 10:30 a.m. READ:
